Solicitors
Solicitors | UK Home Values
As soon as you place an offer on a property, your estate agent will ask for your solicitor's details to pass onto the seller's solicitor. It's therefore wise to establish contact with a solicitor before you start looking for a property to avoid having to make this important decision in a rush.
The legal process of buying and selling a property is called conveyancing. (Your solicitor must be qualified in conveyancing as it's a specialist area of law.) All solicitors practising law in England and Wales must also be registered with the Law Society. There are separate societies for Northern Ireland and Scotland. A solicitor's job is to take care of all legal aspects of moving house, which include:
Local Search
Land Charges Search
Land Registry
Stamp Duty
One of the best means of finding a suitable solicitor is through a personal recommendation, so ask friends and family who have bought a property in the area or the estate agent or mortgage broker.
Apart from the conveyancing work there is also the lender's legal work to be done. Your solicitor could act for the lender, which should save you money. The principal task is to draw up a mortgage deed, which sets out the conditions of your loan. The lender will hold this and the title deeds of your property until the loan is paid in full.
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